🎯🎯🎯 Bitcoin Price Predictions by AI based on last 13 years price action data: 🔥🔥🔥

Short-term (by end of 2023): 🤏
- Bitcoin to rise from $30,000 to $40,000.
- Factors: Institutional accumulation, positive ecosystem developments, limited downside.

Short-term (early 2024): 🔼
- Bitcoin to reach $50,000-$60,000 pre-halving in April 2024.
- Factors: Halving anticipation, retail investor demand, potential short squeeze.

Medium-term (around 2025): 👀🐮
- Bitcoin ATH $100,000-$150,000.
- Factors: Institutional adoption rising, new products and services development, supportive regulatory clarity, Bitcoin's scarcity, macroeconomic turmoil hedging.

Long-term (post-ATH, possibly end of 2025): 🐻
- Bitcoin to consolidate around $40,000-$50,000.
- Factors: Profit-taking by some investors, increased miner selling, cautious investor attitude.

What you think, let me know in the comments... 🔥🔥😍😍😍

**Remember, this is a prediction and not financial advice. Actual Bitcoin prices may vary due to various factors.

$BTC #CryptoTalks #crypto #BinanceSquare #BinanceTournament

🐕🐾🔥 Shiba Inu: $100 to $1.6 Billions

If you had invested $100 in Shiba Inu at its first opening price and sold it at its all-time high, you would have made over $1.6 billion.👀👀👀

Shiba Inu was launched in August 2020 with an initial price of $0.000000000056. If you had invested $100 at that time, you would have purchased 1.8 trillion #SHIB tokens.
The price of SHIB reached its all-time high of $0.00008845 in October 2021. If you had sold your SHIB tokens at this time, you would have made over $1.6 billion.🚀🚀🚀

This is a staggering return on investment, and it is a testament to the volatility of the cryptocurrency market. However, it is important to note that past performance is not indicative of future results. It is also important to remember that investing in #cryptocurrency is a risky investment, and you should only invest money that you can afford to lose.🔥🔥🔥

Here is a table that summarizes your investment:🐮🐮🐮

Investment Purchase price Sale price Profit
$100 in SHIB $0.000000000056 $0.00008845 $1.6 billion

Please note that this is a hypothetical calculation, and it is not guaranteed that you would have made this much profit if you had actually invested in $SHIB

#crypto #BinanceSquare #TrendingTopic

🔥🔥🔥 #shibaInu ($SHIB ) Enters 'Red Zone' After Price Drops Below Crucial Support

Shiba Inu (SHIB) was steadily gaining traction in the market, seemingly poised for an upcoming bounce. However, a rapid change has altered the landscape. The price has fallen below the 50-day Exponential Moving Average (EMA) and shows no signs of recovering.

Currently, SHIB's position is precarious due to this sudden decline. Breaking below the 50 EMA, a crucial support level, indicates that sellers are gaining control. The 200 EMA now serves as the next major support, though it is holding on only tentatively.

If bearish pressure continues, SHIB might test the 200 EMA and potentially drop further. Selling volume surged as SHIB broke below the 50 EMA, suggesting traders are cutting their losses due to waning confidence. This trend could worsen.

The Relative Strength Index (RSI) is hovering just above the oversold area, indicating that SHIB is currently oversold.
However, this does not guarantee a rebound. Moving averages, crucial in technical analysis, are not in SHIB's favor. The 20 EMA crossing below the 50 EMA forms a bearish crossover, often signaling further declines.

Monitor this pattern closely, as it typically precedes additional downturns. SHIB trading below all major moving averages is a broadly bearish signal.

Given the current price movement, SHIB needs a significant uptick to avoid further losses. Ideally, it should quickly regain the 50 EMA to restore market confidence. While the 200 EMA is a potential support level to watch, traders should also prepare for more declines if this level is breached.

Source - u.today

#CryptoTrends2024 #BinanceSquareTalks #cryptocurrency #CryptoMarket

💥💥💥 ‘Bitcoin Fixes This’: #Bitcoiners Take Aim at Berkshire Hathaway Amid Stock Glitch

Bitcoin enthusiasts had a laugh at Berkshire Hathaway CEO Warren Buffett on Monday after his company seemingly plummeted 99% in value.

At 9:49 am ET, Berkshire’s class A shares (BRK.A) nosedived from $621,000 to just $185, causing the New York Stock Exchange (NYSE) to temporarily halt trading. The dramatic drop was due to a technical glitch at the NYSE, affecting other major companies like the Bank of Montreal (BMO). The issue was resolved within a few hours, and BRK.A ended the day up 0.59%.

The massive red candle was ironic for Buffett, a Bitcoin critic who called crypto "rat poison squared" in 2018. Since then, BRK.A is up 114%, while Bitcoin has soared 600%. “Who’s the rat poison now, eh,” tweeted Blockstream CEO Adam Back.

Buffett’s late vice-chairman Charlie Munger was equally critical of crypto, calling Bitcoin a “stupid” and “evil” investment likely to “go to zero.”

“This is not a crypto rug pull; this is Berkshire Hathaway,” tweeted WallStreetBets. Many joked about Buffett’s temporary net worth wipeout and the brief investment opportunity. “Finally, I have a chance to acquire Warren Buffett,” quipped Tron founder Justin Sun.

“If you bought $500 of Berkshire Hathaway 10 minutes ago, it would now be worth over $2 million,” tweeted crypto meme account “greg” after the stock rebounded. “Let that sink in.”
Crypto exchange Kraken and whistleblower Edward Snowden highlighted that Bitcoin trading can’t be halted like BRK.A was. “Bitcoin fixes this,” Snowden tweeted.

While the Bitcoin network operates 24/7, centralized exchanges have frequently halted Bitcoin trading and withdrawals, sometimes indefinitely. Price glitches also occur, such as a BTC flash crash below $9,000 on #BitMEX two months ago.

Buffett didn’t address the sudden Berkshire crash, but meme accounts had a field day, putting words in his mouth reminiscent of previous crypto catastrophes.

Source - decrypt.co

#CryptoTrends2024 #BinanceSquareTalks

👉👉👉 Dapper Labs Reaches $4 Million Settlement in NBA Top Shot #NFT Lawsuit

Dapper Labs, the company behind NBA Top Shot and other notable on-chain collectibles, has reached a settlement in a long-running class action lawsuit with dissatisfied customers who claimed Top Shot NFTs were illegally offered securities, as revealed in court filings on Monday.

Under the terms of the settlement, Dapper will pay $4 million to the plaintiffs, covering monetary relief and legal fees. In exchange, plaintiffs will waive any future claims regarding Top Shot NFTs being securities.

Dapper Labs CEO, Roham Gharegozlou, stated that the settlement brings legal clarity and allows the company to focus on its core mission of delivering exceptional user experiences.

Previously, a federal judge ruled that the lawsuit could proceed, noting that Top Shot NFTs potentially met the definition of securities offering, especially given their existence on the Flow #Blockchain , originally developed by Dapper.

The judge highlighted Flow's status as a "private" blockchain, contrasting it with decentralized networks like #bitcoin and #Ethereum Additionally, statements implying potential value appreciation contributed to the judge's decision.

Although Dapper maintains that Flow is decentralized and not under its control, the settlement includes demands for certain business changes. This involves Dapper relinquishing any FLOW tokens to the Flow Foundation, among other conditions.

Notably, demands such as permitting third-party marketplaces to transact Top Shot NFTs and expediting withdrawal processing were already addressed years ago.

The lawsuit, filed in 2021 amidst the digital asset boom, posed an early test of NFT security status. While regulatory scrutiny has intensified in the #CryptoMarket , NFTs have generally avoided widespread classification as securities, barring specific cases.

Source - decrypt.co

💥💥💥 #bitcoin (BTC) to Test $70,000 Again This Week? $XRP Fights for #BullMarket Comeback, Did #Ethereum ($ETH ) Hit Plateau?

Bitcoin remains steadfast in the $68,000-$70,000 price range, showing signs of potential momentum for a breakthrough. Currently trading near $69,000, it has rebounded off the 26-day Exponential Moving Average (EMA). However, breaching the significant $69,400 resistance level is crucial for further upward movement, as failure to do so could result in a reversal towards $70,000 and below.

As Bitcoin aims to surpass the critical $70,000 mark, the BTC/USD chart reflects a bullish sentiment with recent resilience demonstrated by bouncing off the 26-day EMA. This rebound suggests buyer intervention, providing support above $68,000. Yet, the $69,400 resistance poses a challenge historically difficult to overcome, potentially leading to a reversal if not breached.

In the event of a correction, additional support may be found at the 50-day EMA and the 100-day EMA below the current price. With an uptick in trading volume, traders are showing increased interest, but sustained price movement requires continued volume support.

XRP's current state is uncertain; while suppressed, it shows signs of potential strength for a rebound. Yet, it remains below the 50-day EMA, a crucial barrier for a bounce contender. Higher trading volume is needed to sustain price movement and signal a successful recovery, with the RSI in a neutral zone offering limited insight.

Ethereum is struggling to break out of a narrow trading range between $3,750 and $3,850, showing signs of bullish exhaustion. Despite previous upward momentum, buyers are unable to push prices higher, and trading volume remains stagnant. If Ethereum fails to surpass $3,850, it may continue to consolidate or retreat.

While a volume spike could fuel a breakout, current low but steady volume indicates traders are waiting for market cues. Ethereum nears overbought territory, potentially limiting upside without a correction or consolidation.

Source - u.today

#CryptoTrends2024 #BinanceSquareTalks

🔥🔥🔥 #BitcoinETFs make 26% of #BlackRock 's 2024 inflows, 56% of Fidelity’s

Despite the impressive flows into BlackRock’s IBIT and Fidelity’s FBTC Bitcoin exchange-traded funds (ETFs), they still trail behind Vanguard, the leading ETF asset manager in total flows.

Year-to-date, BlackRock and Fidelity's Bitcoin ETFs have accounted for a significant portion of their total ETF inflows, making up 26% and 56% respectively, according to Bloomberg ETF analyst Eric Balchunas, citing Bloomberg Intelligence data.

Since their launch nearly five months ago, BlackRock’s iShares Bitcoin Trust (#IBIT ) and Fidelity's Wise Origin Bitcoin Fund (FBTC) have attracted $16.6 billion and $8.9 billion in inflows, according to Farside Investor data. However, Vanguard, despite not offering any Bitcoin ETFs, leads with $102.8 billion in total ETF inflows so far in 2024, surpassing BlackRock at $65.1 billion.

BlackRock currently lists 429 ETFs with a total of $2.8 trillion in assets under management, according to Stock Analysis data. Fidelity, in contrast, only lists 70 ETFs, totaling $74 billion in AUM.

Invesco has recorded $34.7 billion in ETF flows this year, with only 0.9% coming from its Bitcoin ETF, which has attracted $317.3 million in total inflows for the first five months of the year.

On May 28, BlackRock's IBIT became the world's largest spot Bitcoin ETF, surpassing Grayscale's GBTC. IBIT now holds over 291,567 BTC valued at $20 billion, while GBTC's holdings have decreased to 285,139 BTC, worth about $19.6 billion.

Bitcoin ETF flows have somewhat stabilized recently, with several ETF issuers experiencing days of zero inflows and outflows in recent weeks. For instance, the Franklin Bitcoin ETF (EZBC) hasn’t had any inflows or outflows since May 16, according to Farside Investors.

Bitcoin investment products, excluding Grayscale, are currently witnessing an average of $141.7 million in inflows each trading day, primarily driven by IBIT, FBTC, and to a lesser extent, the ARK 21Shares Bitcoin ETF (ARKB).

Source - cointelegraph.com

#CryptoTrends2024 #BinanceSquareTalks

👉👉👉 Worldwide searches for ‘#Onchain ’ on Google hit all-time high

Surge in #Google Search Interest for "Onchain" Indicates Growing Awareness

- Google Trends data shows a sharp increase in global interest in "onchain," reaching an all-time high in May. While search interest mostly remained below 25 out of 100 over the past five years, it surged to 100 between May 26 and June 1. CryptoQuant CEO Ki Young Ju noted the evolution, stating, "Once tech jargon, 'on-chain' is now widely known. The learning phase is over. A new era is coming."

- Nigeria, Afghanistan, and Ethiopia have shown the most interest in the term over the past month. Google search queries for "onchain" often included related terms like "onchain token," "onchain coin," "onchain crypto," and "onchain summer," the latter being a marketing slogan for Coinbase's Ethereum layer-2 network, Base.

- Jesse Pollak, creator of Base, highlighted in March that "onchain" outperformed other crypto-related terms in consumer testing.

Developments in Onchain Technology

Largest Tokenized Treasury Fund

- In late April, the #BlackRock USD Institutional Digital Liquidity Fund became the largest treasury fund tokenized on a blockchain, managing $459.9 million in assets.

- In May, StarkWare and GaiaNet revealed plans to integrate AI agents on their blockchains. These agents will autonomously handle onchain tasks like optimizing yield and portfolio re-allocation.

Onchain Metrics Predict #Bitcoin's Trajectory

- In May, analysts used onchain metrics like Bitcoin's MVRV Z score, Puell Multiple, and market dominance to forecast its future trajectory. These metrics suggest that Bitcoin's bull run may be in its early stages and indicate potential for a significant upward movement.

Conclusion

The surge in "onchain" searches reflects growing interest in blockchain. Innovations like treasury fund tokenization and AI integration showcase its broadening applications. Analyzing Bitcoin's path using onchain metrics underscores the rising importance of onchain data in the #CryptoMarket .

Source - cointelegraph.com

$XRP Hasn’t Had A Bull Cycle Since 2017, Analyst Reveals What Will Happen When It Does

XRP Price Analysis: Potential for a Bull Rally in 2024

- XRP has been a concern for investors, seemingly stagnant since its last significant rally during the 2017-2018 bull market. Despite another massive #BullMarket since then, XRP hasn't followed the broader market trend. Expectations for the altcoin have significantly dropped, but one analyst believes XRP could soon enter the spotlight with impressive price targets.

Why XRP Could Be Preparing for a Bull Rally

- Crypto analyst CryptoManiac101 shared an optimistic view of XRP's future on TradingView. The analyst highlighted several indicators suggesting that XRP might be gearing up for a significant move. Key points include the convergence of three different moving averages in 2024, forming a symmetrical triangle pattern around the $0.51 level, indicating consolidation and potential accumulation, which bodes well for price increases.

- The analyst also reviewed XRP's performance over the past 11 years, noting significant price spikes in 2017 and 2018. This historical performance, when compared to current patterns, suggests a possible repeat in 2024 and 2025, as the cycles show consistency in movement.

Potential Price Targets

- The analyst suggests that historical patterns, which have been bullish for XRP, usually lead to a rally after 75% completion of the pattern. Currently, these patterns have reached 88.93% completion, indicating a breakout is overdue.

- In the event of a rally, the analyst predicts an increase of at least 800%, pushing the price above $4. This prediction is based on a potential breakout from the symmetrical triangle formed by the converging moving averages. The analyst expects the rally to start at around $4.5.

- This analysis implies that XRP could be on the verge of a significant price surge, driven by historical patterns and current market indicators.

Source - newsbtc.com

#CryptoTrends2024 #cryptocurrency #BinanceSquareUpdates #CryptoNews🔒📰🚫

💥💥💥 #bitcoin Price Gains Momentum: Bullish Surge Ahead?

Bitcoin Price Analysis: Potential Bullish Momentum Above $69,500

- Bitcoin's price found support at $67,000 and initiated a fresh increase, climbing above $69,500. BTC might continue to rise in the near term.

Key Points:

- Bitcoin started a steady increase above the $68,500 and $69,500 resistance levels.

- The price is trading above $68,500 and the 100-hourly Simple Moving Average.

- A key bearish trend line with resistance at $68,000 was broken on the hourly chart of the BTC/USD pair (data feed from Kraken).

- The pair could gain bullish momentum if it settles above the $69,500 level.

Bitcoin Price Remains Strong

Bitcoin extended its decline below $67,200, retesting the $66,650 zone before starting a fresh increase. It moved clearly above the $68,500 resistance zone and broke the key bearish trend line at $68,000. The price cleared the $69,500 resistance and spiked above $70,000, reaching a high of $70,253 before correcting.

Bitcoin dipped below $69,500, under the 23.6% Fibonacci retracement from $67,283 to $70,253. It is now trading above $68,500 and the 100-hourly SMA, holding above the 50% Fib retracement. Resistance is at $69,200, with major resistance at $69,550 and $70,000. A move above $70,200 could push the price to $70,600, with further gains potentially reaching $72,000.

Potential for Another Decline

If Bitcoin fails to climb above the $69,500 resistance, it could start another decline. Immediate support is near $68,750, with the first major support at $68,400 and the next at $68,000. Any more losses might send the price toward the $67,200 support zone in the near term.

Technical Indicators:

- Hourly MACD: Gaining pace in the bullish zone.

- Hourly RSI: Above 50.

Support and Resistance Levels:

- Major Support: $68,400, followed by $68,000.

- Major Resistance: $69,500, and $70,000.

Bitcoin's price might continue to rise if it overcomes key resistance levels and sustains upward momentum.

Source - newsbtc.com

🔥🔥🔥 #Ethereum Signals #BEARISH📉 Extension: Is a Short-Term Downtrend Coming?

Ethereum Price Analysis: Potential Bearish Momentum Below $3,840 Support

Ethereum's price is showing bearish tendencies below the $3,840 support level. A decisive move below $3,700 could lead to increased bearish momentum for $ETH .

Key Points:

- Ethereum's price has declined to the $3,700 zone.

- The price is trading below both the $3,840 level and the 100-hourly Simple Moving Average.

- A key bullish trend line with support at $3,780 was broken on the hourly chart of ETH/USD (data via Kraken).

- A fresh increase may begin unless ETH closes below the $3,700 support level.

Ethereum's Decline

Ethereum faced resistance at the $3,850 mark and failed to break the 50% Fibonacci retracement level from the $3,958 high to the $3,702 low. Rejection below $3,800 led to a dip and the break of the trend line at $3,780 pushed the price lower.

Currently, ETH is trading below $3,840 and the 100-hourly SMA.
For an upward move, ETH needs to overcome resistance near $3,800, with major resistance at $3,840. A breakout above $3,840 could target $3,900 (76.4% Fib level), with potential rises to $4,000 and $4,080. Continued gains might drive Ether toward the $4,220 resistance zone.

Potential for Further Losses

If Ethereum fails to break the $3,840 resistance, it may decline further. Initial support is at $3,730, with critical support at $3,700. A move below $3,700 could push the price to $3,660, with further losses potentially leading to $3,550.

Technical Indicators:

- Hourly MACD: Gaining bearish momentum.

- Hourly RSI: Below 50.

Support and Resistance Levels:

- Major Support: $3,730

- Major Resistance: $3,840

This analysis suggests that Ethereum's price could decline further unless it overcomes key resistance levels and maintains upward momentum.

Source - newsbtc.com

#CryptoUpdate #BinanceSquareTalks

👉👉👉 #bitcoin Runes Resurgence? Why Asia’s Institutional Investors Could Fuel Growth

In the world of crypto, the Runes protocol's rise and fall have been swift and dramatic. Launched alongside the Bitcoin halving in April, it quickly gained attention but failed to meet expectations, leading many to dismiss it as a failed endeavor.

However, amidst waning interest in the West, Runes is finding renewed excitement in East Asia. Institutional investors and centralized building teams see it as a more refined alternative to the earlier #BRC20 standard, offering enhanced security, scalability, and usability.

Unlike the chaotic debut of BRC-20 tokens in 2023, Runes was rolled out meticulously by a team led by Casey Rodarmor, the original creator of the Ordinals protocol. This methodical approach has resonated with investors in East Asia, who see Runes as a potential infrastructure cornerstone for the crypto industry.

Investment firms like the Hong Kong-based Newman Group are actively supporting Runes' development, citing its technical advantages and potential for efficient cross-chain transactions. Major players in the crypto space, such as Magic Eden and #OKX , have also thrown their weight behind the protocol.

Despite its initial setbacks, Runes has shown signs of resurgence, with transaction volume and market capitalization surging in late May. This comeback has fueled optimism among institutional investors in East Asia, who view Runes as a key player in mainstreaming fungible Bitcoin tokens.

While the road ahead for Runes is uncertain, its growing support in East Asia suggests that it may yet carve out a significant niche in the crypto ecosystem. As the choice between Runes and BRC-20 becomes clearer, the momentum behind Runes continues to build, signaling a potential second act for the protocol.

Source - decrypt.co

#CryptoTrends2024 #BinanceSquareBTC

#ripple Transfers 3 Billion $XRP Tokens, Raising Market Stability Concerns

Ripple’s XRP token has seen substantial activity over the past 24 hours, capturing significant attention from the crypto community.

#Blockchain tracker Whale Alert reported that 3 billion XRP tokens, valued at approximately $1.5 billion, were transferred in several transactions. This large-scale movement has sparked concerns about potential price impacts.

Ripple Escrow Activities Trigger Market Concerns

- Typically, Ripple releases around 1 billion XRP tokens from its escrow wallet at the beginning of each month. However, this month’s unusual asset movements have surprised the community, leading to various speculations about these transactions.

- Crypto commentator Marty Party noted that the 3 billion tokens represent 5.45% of XRP’s total circulating supply and were transferred between Ripple-affiliated wallets within 30 minutes. Some community members clarified that these movements were standard fund consolidations related to escrow activities. They highlighted that of the 3 billion tokens, 1 billion worth $520 million was unlocked from Ripple’s escrow address.

- Historically, XRP’s price tends to fluctuate in response to Ripple’s escrow releases, often influenced by prevailing market sentiment. Despite a 1% decline in the last 24 hours, XRP’s price remains stable at $0.51, indicating that the recent escrow release has not significantly impacted its performance.

- However, some market experts believe the token release could introduce additional selling pressure, hindering XRP’s potential recovery. Reports suggest Ripple may be preparing for its largest monthly XRP dump since 2017, reserving 400 million XRP tokens worth $208 million for a sell-off in June.

Source - beincrypto.com

#CryptoTrends2024 #BinanceSquareTalks

💥💥💥 #Linea #Blockchain halt highlights slow decentralization of #Ethereum L2s

The recent hack leading to the halting of block production on Ethereum #Layer2 blockchain Linea emphasizes the urgency for layer-2 firms to prioritize decentralization, says Matter Labs CEO Alex Gluchowski.

On June 2, Linea experienced a hack resulting in over $2.6 million in Ether being transferred off the platform through Linea-based decentralized exchange Velocore, Linea announced in a post.

While Linea has since resumed block production, the incident underscores the necessity for decentralization on Ethereum layer-2 platforms, as emphasized by Gluchowski.

Gluchowski stressed, "Decentralizing the sequencer isn’t optional. Every serious L2 stack must race to do so first." This sentiment was echoed by Linea’s product lead, Declan Fox, who acknowledged that decentralization is imperative for the network.

Linea's recent hack prompted criticism, especially in light of its "The Linea Voyage: Surge" campaign aiming to increase total value locked to $3 billion. Currently, just over $1.2 billion is locked on the blockchain, according to L2BEAT.

The decision to halt block production was deemed a "last resort" by Linea to prevent further losses. The hacker exploited Linea-based DEX Velocore, transferring 700 Ether worth over $2.6 million off the platform via a third-party bridge.

Linea intends to decentralize its network in the future, including its sequencer, to prevent similar incidents. Velocore is collaborating with external networks to reimburse affected victims.

Despite the centralized nature of most Ethereum layer-2 solutions, efforts are being made towards decentralization. For instance, Coinbase is currently the sole sequencer of Base, but plans are in place to gradually decentralize the platform over time.

Source - cointelegraph.com

💥💥💥 #bitcoin post-halving run may reach $130K by September 2025

Peter Brandt Predicts Bitcoin's Potential Surge to $130,000

- Crypto trader Peter Brandt suggests that Bitcoin’s current bull run is mirroring previous post-halving cycles, potentially reaching $130,000 to $150,000 by late next year.

- Bitcoin could hit a peak of $130,000 to $150,000 between late August and early September if it follows the trajectory of past post-halving bull markets, according to Brandt. The recent April 20 Bitcoin halving, which reduces mining rewards by 50% approximately every four years, plays a significant role in this prediction. Brandt highlights that halving dates have historically aligned almost perfectly with past bull market cycles.

- Brandt's analysis indicates that the previous Bitcoin bull market began about 16 months before the halving on May 11, 2020, and peaked around 18 months later. He notes that similar patterns were observed in the halvings of July 9, 2016, and November 28, 2012.

- “If this sequence continues, the next bull market cycle high should occur in late August or early September 2025,” Brandt stated. He cautions, however, that no method of analysis is infallible, but past trends suggest a potential bull market peak in the $130,000 to $150,000 range.

Possibility of Bitcoin's Peak Already Reached

- Brandt's analysis identifies December 17, 2022, as the start of the current bull market, with #BitcoinTrading around $16,800 at that time. Since then, Bitcoin has gained over 300%, reaching $67,882, according to Cointelegraph Markets Pro.

- Despite this significant rise, Bitcoin is down from its March 14 all-time high of $73,679. Brandt believes there is a 25% chance that Bitcoin has already reached its bull market peak, as each cycle's gains appear to be diminishing compared to the previous one. If Bitcoin fails to set a new all-time high and falls below $55,000, Brandt suggests the probability of the #cryptocurrency experiencing an "exponential decay" would increase.

Source - cointelegraph.com

#CryptoNews🔒📰🚫 #BinanceSquareBTC

💥💥💥 #shibaInu Loses Vital Support: Critical State of SHIB, #Ethereum✅ (ETH) to Hit $4,000? #Solana⁩ (SOL) Might Show Massive Reversal Soon

Shiba Inu Faces Critical Support Levels Amid Bearish Indicators

- Shiba Inu (SHIB) is at risk of significant price drops as it tests crucial support levels around $0.00002476. The descending triangle pattern and bearish technical indicators suggest a potential continuation of the downward trend. Despite decreasing trading volume, which typically signals waning selling pressure, substantial buying interest is needed for a recovery. The Relative Strength Index (RSI) near 44 indicates potential for a price bounce, but market sentiment will play a crucial role. Investors should closely monitor the $0.00002310 support level.

Ethereum's Stability and Potential Upside

- Ethereum's price remains stable near $3,700, indicating a possible rise towards $4,000. This stability could lead to a surge in inflows and a return above the $4,000 mark. However, a break below $3,700 might result in a decline to the $0.00001940 support level (200 EMA). Ethereum's stabilization is supported by the 50-day moving average, suggesting a potential for future gains, but the broader market perspective remains critical.

Solana's Potential Reversal

- Solana (SOL) shows signs of a potential reversal, finding support around the 26-day exponential moving average (EMA) at $163. The 50-day moving average turning upward indicates the start of a new uptrend, though overcoming the $170 resistance level is essential for confirming a long-term bullish reversal. Volume analysis and the RSI around 50 suggest neutrality, but current support levels offer a promising outlook for future gains.

Source - u.today

👉👉👉 Crypto exchanges see $3B #Ethereum exit since #ETF✅ approvals

Ether Supply on Exchanges Hits Lowest Level in Years Amidst ETF Approvals

- Currently, only 10.6% of the total Ether supply is held on centralized crypto exchanges, marking its lowest level in years. Since the approval of spot Ether exchange-traded funds (#ETFs ) in the United States on May 23, over $3 billion worth of Ether has been withdrawn from these exchanges, indicating a potential upcoming supply squeeze.

- Between May 23 and June 2, the Ether held on exchanges decreased by about 797,000 ETH, valued at $3.02 billion, according to CryptoQuant. This decline indicates fewer coins available for immediate sale as investors transfer their holdings to self-custody for reasons other than selling.

- Glassnode data, shared by BTC-ECHO analyst Leon Waidmann, confirms that the percentage of circulating Ether supply held on exchanges is at its lowest level in years, at just 10.6%.

Ethereum ETFs Paving the Way for New ATH

- Last week, Bloomberg ETF analyst Eric Balchunas suggested that Ether ETFs have a “legit possibility” of launching by late June. Some analysts believe that the introduction of spot Ether ETFs could help Ether surpass its November 2021 all-time high (ATH) of $4,870 due to increased demand, similar to the impact of spot Bitcoin ETFs when they launched in January.

- Michael Nadeau, a #DEFI Report crypto analyst, noted that Ether might benefit more from demand pressures than #bitcoin due to its lack of "structural sell pressure." Unlike Bitcoin miners, Ethereum validators do not need to sell Ether to cover operational costs.

Concerns Over Grayscale’s Ethereum Trust

- Concerns about Grayscale's $11 billion Ethereum Trust (ETHE) arise from the potential for significant outflows, similar to the Grayscale Bitcoin Trust's $6.5 billion outflows in its first month, which could impact Ether's price.

- As of now, Ether is trading at $3,781, down 0.82% over the past 24 hours and approximately 23% below its all-time high, according to CoinMarketCap.

Source - cointelegraph.com

🔥🔥🔥 $XRP Price Struggle Continues: Will It Find Support?

XRP Price Extends Losses, Faces Key Resistance Levels

- XRP's price has continued to decline, dropping below the $0.5120 support zone and testing the $0.5080 level. The #cryptocurrency is now attempting a recovery wave toward $0.5350.

Current Market Struggles

- XRP is having difficulty initiating a fresh increase above the $0.5250 resistance zone. It is currently trading below $0.5150 and the 100-hourly Simple Moving Average (SMA). A key bearish trend line with resistance near $0.5180 is forming on the hourly chart of the XRP/USD pair (data source: Kraken). If the price remains below $0.5250, further declines could be expected.

XRP Price Analysis

- XRP remains in a short-term bearish zone, like #bitcoin and #Ethereum . It failed to start a recovery and extended losses below the $0.5220 support, falling further to $0.5080. Now, XRP is attempting a recovery, moving above $0.5120 and surpassing the 23.6% Fib retracement level from the $0.5405 high to the $0.5080 low.

- XRP is trading below $0.520 and the 100-hour SMA. Resistance is at $0.5180, reinforced by a bearish trend line. The first significant resistance is at $0.5250, the 50% Fib retracement of the recent decline. Closing above $0.5250 could push the price to $0.5320, then $0.5450, and potentially $0.5650 with further gains.

Potential for Further Declines

- If XRP fails to break the $0.5180 resistance zone, it could continue to decline. Initial support on the downside is near $0.5120, with the next major support at $0.5080. A downside break and close below $0.5080 might accelerate the decline, potentially leading the price to retest the $0.50 support level in the near term.

Technical Indicators

- Hourly MACD: The MACD for XRP/USD is losing pace in the bearish zone.

- Hourly RSI (Relative Strength Index): The RSI for XRP/USD is below the 50 level.

Major Support Levels

- $0.5120, $0.5080

Major Resistance Levels

- $0.5180, $0.5250

Source - newsbtc.com

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👉👉👉 $XRP Price Grinds Lower: Searching for Support Amid Downtrend

XRP Price Analysis and Market Outlook

XRP has experienced extended losses, falling below the $0.5220 support zone and testing the $0.5120 support. It is currently attempting a recovery towards $0.550.

Current Situation:

- Price Struggle: XRP is struggling to increase above the $0.5320 resistance.

- Trading Levels: It is below $0.530 and the 100-hourly Simple Moving Average (SMA).

- Bearish Trend Line: A major bearish trend line is forming with resistance near $0.5230 on the hourly chart (source: Kraken).

Key Analysis:

- Short-Term Bearish Zone: Similar to Bitcoin and Ethereum, XRP has remained bearish. The price dropped below $0.5220, testing $0.5120 support. A low of $0.5126 was formed, and the price is attempting to recover, moving above $0.5165 and the 23.6% Fib retracement level.

- Resistance and Potential Growth: XRP faces resistance at $0.5220 and $0.5230. The first key resistance is at $0.5265, around the 50% Fib retracement level of the recent downward wave. A close above $0.5265 could lead to higher targets at $0.5320, $0.5450, and potentially $0.5650.

Downside Risks:

- Support Levels: Initial support is near $0.5150, with major support at $0.5120. A break below $0.5120 could lead to a retest of the $0.50 support.

- Technical Indicators: The hourly MACD is losing pace in the bearish zone, and the RSI is below 50.

Support and Resistance Summary:

- Major Support Levels: $0.5120, $0.500

- Major Resistance Levels: $0.5220, $0.5320

Overall, while XRP is currently facing resistance and is trading below key moving averages, a break above the $0.5265 resistance could signal a potential recovery. However, failure to clear these resistance levels could lead to further declines.

Source - newsbtc.com

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👉👉👉 JUST IN: #SEC Issues Statement on Ethereum ETFs – Big Day Tomorrow, Sources Say

The US Securities and Exchange Commission (SEC) has reportedly instructed companies issuing spot Ethereum ETFs to submit draft S-1 forms by the week's end, marking a crucial step toward approval for these financial products.

Following the approval of forms 19b-4 on May 23, a significant milestone, the next step in the process is for S-1 forms to be finalized. However, due to last-minute changes from the SEC, companies were unable to prepare these forms in advance.

Upon receiving the draft S-1 filings, the SEC will provide initial feedback, prompting further adjustments, according to sources familiar with the matter. Despite the initial setback, the process is progressing well.

VanEck and #BlackRock were quick to respond to the ETF approval, with VanEck filing a modified version of its S-1 form and BlackRock detailing a $10 million funding for its #ETF✅ on May 30.

While seed investment details are relatively straightforward to include, other aspects of the forms may require more time. Some sources anticipate at least two more rounds of draft filings before the S-1 forms are ready.

Analysts predict that completing S-1 forms will take several weeks, possibly extending to several months if the process proceeds slowly. However, some traders view the delay positively, as it allows for more thorough scrutiny and may contribute to a more stable market once trading begins.

*This is not investment advice.

Source - en.bitcoinsistemi.com